Mergers
Business , Exploration & Production , Acquisitions & Divestitures , Mergers
Tourmaline Oil Acquires Jupiter, Modern Resources in Back-to-back Deals
Canadian oil and gas producer Tourmaline Oil said on Nov. 4 it has acquired Jupiter Resources in an all-stock deal, days after it bought Modern Resources in a cash and stock deal.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 28, 2020
Here’s a snapshot of recent energy deals including the $735 million purchase of Chevron’s Appalachia assets by EQT plus a Laredo Petroleum Permian Basin asset acquisition.
Public Capital , Exploration & Production , Mergers
Cenovus Energy to Cut Up to 25% of Workforce after Husky Deal
Cenovus and Husky Energy confirmed the job cuts after two sources told Reuters of the magnitude of the reductions.
Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers
Contango Oil & Gas to Acquire Mid-Con Energy Partners in All-stock Merger
The acquisition of Mid-Con Energy by Contango Oil & Gas is “simply the next step, and certainly not our last, in our stated goal of consolidating a sector that is in dire need of it,” Contango CEO Wilkie Colyer says.
Public Capital , Exploration & Production , Shale Plays , Trends , Mergers
Ryan Lance, the Oilman Defying Crash with Big Bet on US Shale
ConocoPhillips CEO’s $13.3 billion deal for Permian Basin pure-play Concho Resources will create the world’s biggest independent oil and gas producer.
Public Capital , Exploration & Production , Acquisitions & Divestitures , Mergers
Canada’s Cenovus to Buy Husky Energy As Pandemic Drives Oil Mergers
The combined company is expected to generate annual synergies of $1.2 billion and will operate as Cenovus Energy Inc with headquarters in Alberta.
Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
Shale Gas Producer EQT Reportedly Seeking to Buy CNX Resources
EQT had recently sent a takeover proposal to rival CNX Resources, a report said, adding that no final decision has been made.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Oct. 21, 2020
Here’s a snapshot of recent energy deals including a wave of upstream mergers in the Permian Basin that saw ConocoPhillips agreeing to acquire Concho Resources and Pioneer Natural Resources buying Parsley Energy.
Business , Trends , Mergers
Opinion: Upstream Consolidations Gaining Steam?
Perhaps the long-expected wave of consolidations is finally happening in the upstream business. Here’s why certain ones may ultimately create value for their investors.
Public Capital , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Mergers
Pioneer Natural Resources to Acquire Parsley Energy in All-stock Merger
The merger of the two shale producers, both Permian Basin pure-plays, follows a growing wave of consolidation, which Enverus’ Andrew Dittmar described as a “historic winnowing of U.S.-based independent E&P companies.”